Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 210 Units in beginning inventory Units produced 200 1,340 Units sold 1,150 Units in ending inventory 390 Variable costs per unit: Direct materials 115 Direct labor 37 Variable manufacturing overhead Variable selling and administrative expense 12 $ 13 Fixed costs: Fixed manufacturing overhead $ 9,380 Fixed selling and administrative expense $19,550 What is the total period cost for the month under variable costing?

Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 210 Units in beginning inventory Units produced 200 1,340 Units sold 1,150 Units in ending inventory 390 Variable costs per unit: Direct materials 115 Direct labor 37 Variable manufacturing overhead Variable selling and administrative expense 12 $ 13 Fixed costs: Fixed manufacturing overhead $ 9,380 Fixed selling and administrative expense $19,550 What is the total period cost for the month under variable costing?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 154 2,560 2,230 330 51 24 $. 15 16 $92,160 $11,150 The tegross margin for the month under absorption costing is: Multiple Chotce $62.440 S15.610, K Prev 4: of 10 Next > ere to search
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